What is a Loss?
Loss
[los]
noun
1.
A Loss is an injury or damage that is covered by an insurance Policy. Losses can be partial, like when wind damages part of a roof, or total, as when an automobile is "totaled" in a collision.
Related Content
Choosing Between Term and Whole Life Insurance
Confused about Term or Whole Life Insurance? Discover how they work and, most importantly, how they can work for you.
5 Key Points for Choosing a Life Insurance Policy
While price is a big factor, there are other important factors to consider when choosing the right life insurance policy for you.
Important Birthdays Over 50
Here's a look at several birthdays and “half-birthdays” that have implications regarding your retirement income.